17
  • Property Type
  • Fourplex, Residential Income
  • 1804 Sqft
  • Area Size
  • 1954
  • Year Built

2800 Carol Avenue, Charlotte, North Carolina 28208

  • $550,000

Description

Investor Gem! Turnkey 4-unit (4-1BR studios) on 0.31 acres in red-hot Enderly Park — fully managed by PM, tenants pay every utility, and it’s never sat through an extended vacancy. In-place rents still trail the market, so the Property is a 4plex multifamily, not a SFH home as listed above. Upside is baked in and ready: lease renewals on two units just came in higher for the upcoming lease year. Units 1–3 were taken down to rehab two years ago and Unit 4 sits in original condition — an est. ~$10K refresh forces appreciation through higher rents and property value. Property has a large, unused walk in basement that could be permitted and converted to a 5th apartment. Private, exclusive parking lot — no shared drives, no neighbor friction. New construction is trading from the low $500Ks right around the block. Walkable to the West End boom on Tuckaseegee Rd: the 27-acre Savona Mill redevelopment (Savona Food Works food hall, 300+ apartments), the $80M Lower Tuck warehouse conversion, and Station West. 10 minute walk to Stewart Creek Greenway running straight to Uptown. Quick hits to Freedom Dr, Wilkinson Blvd, I-85 and I-77. Cash flows today, added appreciation tomorrow. Buy and hold or buy for a future build — your choice in the one neighborhood with unlimited momentum and growth!

  • Address: 2800 Carol Avenue
  • City: Charlotte
  • State/county: NC
  • Zip/Postal Code: 28208
  • Area: Summit View

Details

Updated on July 17, 2026 at 4:34 pm
  • Property ID 4401707
  • Price $550,000
  • Property Size 1804 m²
  • Year Built 1954
  • Property Type Fourplex, Residential Income
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash, Conventional
  • Roof Architectural Shingle
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Electric
  • Flooring Laminate, Tile
  • County Mecklenburg
  • Property Type Residential Income
  • Parking Parking Space(s)
  • Elementary School Ashley Park
  • Middle School Ashley Park
  • High School West Charlotte
  • Waterfront None

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Contact Information

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The Simpson Group Realty
  • The Simpson Group Realty

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